Monday, October 4, 2010

The U.S. is stepping up efforts to gain more influence in Asia-Pacific through participation in more regional institutions and negotiations on the Trans-Pacific Partnership (TPP) trade deal. U.S. foreign policy seeks to shape the future of the region in an attempt to dominate economic, political and security issues.

There are concerns over the rise of trade agreements in the Asia-Pacific by U.S. competitors that could greatly affect its interests. The TPP is seen by many as a key component of America’s trade strategy for further engagement in the region. A U.S. government fact sheet describes the TPP as a, “potential platform for economic integration across the Asia Pacific region. The United States will engage with an initial group of seven like-minded countries, Singapore, Chile, New Zealand, Brunei, Australia, Peru, and Vietnam, to craft a platform for a high-standard, comprehensive agreement - one that reflects U.S. priorities and values - with these and additional Asia-Pacific partners.” The TPP is open to other countries with Canada, Malaysia and the Philippines, among some of the nations that have shown interest in joining. It has been suggested that the U.S. may want the current eight partnership countries to reach an initial high-quality agreement before bringing others into the pact. In an effort to play a more dominant role, the TPP could be a means to address long-standing U.S. economic interests in Asia and be used to counter increasing Chinese trade in the region.